EXISTENCE AND UPPER HEMICONTINUITY OF EQUILIBRIUM DISTRIBUTIONS OF ANONYMOUS GAMES WITH DISCONTINUOUS PAYOFFS

Authors
Citation
Kp. Rath, EXISTENCE AND UPPER HEMICONTINUITY OF EQUILIBRIUM DISTRIBUTIONS OF ANONYMOUS GAMES WITH DISCONTINUOUS PAYOFFS, Journal of mathematical economics, 26(3), 1996, pp. 305-324
Citations number
17
Categorie Soggetti
Social Sciences, Mathematical Methods",Economics,"Mathematical, Methods, Social Sciences",Mathematics
ISSN journal
03044068
Volume
26
Issue
3
Year of publication
1996
Pages
305 - 324
Database
ISI
SICI code
0304-4068(1996)26:3<305:EAUHOE>2.0.ZU;2-X
Abstract
This paper deals with large anonymous games with compact metric action spaces and payoff functions which are upper semicontinuous but not ne cessarily lower semicontinuous. Under the supremum norm topology on th e space of payoff functions and a tightness assumption on the game, th e existence of Nash equilibrium distributions and the closed graph pro perty of the equilibrium distribution correspondence are proved. rf th e space of payoff functions is given the hypotopology instead, then eq uilibrium distributions exist, but the equilibrium distribution corres pondence may not have a closed graph.